{"id":182,"date":"2008-02-03T18:53:34","date_gmt":"2008-02-04T00:53:34","guid":{"rendered":"http:\/\/www.pidradio.com\/?p=182"},"modified":"2011-05-22T13:48:45","modified_gmt":"2011-05-22T17:48:45","slug":"pid-radio-2308-your-bank-is-broke","status":"publish","type":"post","link":"https:\/\/www.pidradio.com\/2008\/02\/03\/pid-radio-2308-your-bank-is-broke\/","title":{"rendered":"P.I.D. Radio 2\/3\/08:  Your Bank is Broke"},"content":{"rendered":"<table width=\"239\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"http:\/\/peeringintodarkness.com\/wp-content\/uploads\/2008\/01\/money_burning.jpg\" alt=\"\" width=\"229\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>THAT&#8217;S probably an overstatement, but if the recent numbers posted by the Federal Reserve Bank are correct, the American banking system has lost its entire cash reserve &#8212; about $50 billion! &#8212; over the last six or eight weeks.<\/p>\n<p>To put it another way, if we read these stats correctly, the entire U.S. banking system is now being kept afloat with borrowed money.<\/p>\n<p>Meanwhile, we&#8217;re watching a mysterious of bats in the U.S. and several unexplained phone and Internet outages in the U.S. within the last week, and a cyberterror preparedness drill in March that appears to target reporters and bloggers as potential threats.<\/p>\n<p>Links and topics:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.derekpgilbert.com\/?p=2531\">American banks slide deeper into debt<\/a><\/li>\n<li><a href=\"http:\/\/www.urbansurvival.com\/week.htm\">George Ure&#8217;s UrbanSurvival.com<\/a><\/li>\n<li><a href=\"http:\/\/www.federalreserve.gov\/releases\/h3\/Current\/\">The Fed&#8217;s most recent figures for &#8220;Reserves in Depository Institutions&#8221;<\/a><\/li>\n<li><a href=\"http:\/\/www.federalreserve.gov\/releases\/h3\/hist\/h3hist2.txt\">Historical figures for reserves in Federal Reserve Bank depository institutions<\/a><\/li>\n<li><a href=\"http:\/\/frankwarren.blogspot.com\/2008\/01\/stephenville-ufos-was-air-force.html\">Was the Air Force protecting the Bush ranch?<\/a><\/li>\n<li><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&amp;sid=aYkAPd6ViRQY&amp;refer=us\">Bats die by the thousands in Northeast U.S.<\/a><\/li>\n<li><a href=\"http:\/\/ap.google.com\/article\/ALeqM5gd_SXvPiXXwcW63vRuZtrAn2IX5AD8UGOAB00\">Trains, bloggers threat in new terror drill<\/a><\/li>\n<li><a href=\"http:\/\/www.nydailynews.com\/news\/2008\/01\/27\/2008-01-27_empire_state_building_car_zap_mystery.html\">Empire State Building car zap mystery<\/a><\/li>\n<li><a href=\"http:\/\/www.reuters.com\/article\/worldNews\/idUSSP11055220080201\">India isolates 26 as bird flu spreads in Asia<\/a><\/li>\n<li><a href=\"http:\/\/www.defensetech.org\/archives\/003979.html\">Who&#8217;s cutting the cables?<\/a><\/li>\n<li><a href=\"http:\/\/www.khaleejtimes.com\/DisplayArticleNew.asp?xfile=data\/theworld\/2008\/February\/theworld_February77.xml&amp;section=theworld&amp;col\">Egypt:  Ships did not cause Internet cable damage<\/a><\/li>\n<\/ul>\n<p>Click the arrow on the player below to listen now, or right-click (control-click if you have a Mac) the &#8220;download&#8221; link to save the mp3 file to your hard drive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THAT&#8217;S probably an overstatement, but if the recent numbers posted by the Federal Reserve Bank are correct, the American banking system has lost its entire cash reserve &#8212; about $50&#8230; <a class=\"read-more-link\" href=\"https:\/\/www.pidradio.com\/2008\/02\/03\/pid-radio-2308-your-bank-is-broke\/\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[798,19,34,53],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p3FLs6-2W","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/posts\/182"}],"collection":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":0,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/posts\/182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/categories?post=182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/tags?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}